paul richards of ubs. paul, nice to see you again. welcome back. >> thanks, scott. how are you doing? >> well, thanks. this call has been well for you because you nailed it where does it go from here? >> i think it's strategic and it's technical from here. strategically i like a weak yen. you now have abbe all over the b.o.j. and you have the governor, his term is coming up at the end of november. things are changing for b.o.j. a january 22 meeting, their inflation target will be raised from 1% which they're not even reaching up to 2%. however, i think the markets really, really short the yen right now. you have the timing issue of another four weeks until the b.o.j. meeting and you still have this problem that we have in washington called the fiscal cliff. i just don't like the way that one's playing out. the reason that's important is that when the market gets into risk op mode they tend to sell the dollar and buy the yen. >>> what kind of levels are we talking about? >> right now we're sitting around 8570. i would comfortably sell the dollar against the yen there